Friday, January 8, 2010

German trade balance in November 2009

According to provisional data of the German Federal Statistical Office (Destatis) released on Jan. 8, Germany's good exports were Euro 73.7 billion and goods imports Euro 56.3 billion in November 2009.

Compared with November 2008: exports decreased by 3.1% and imports by 14.8% in November 2009

Compared with the October 2009: the calendar and seasonally adjusted exports rose 1.6% on October 2009, while imports fell by 5.9%.


The foreign trade balance showed a surplus of Euro 17.4 billion in November 2009.

In November 2008, the surplus amounted to Euro 10.0 billion. Upon calendar and seasonal adjustment, the foreign trade balance recorded a surplus of Euro 17.2 billion in November 2009.

According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of Euro 18.1 billion in November 2009, which included the balance of services (+ Euro 0.5 billion), factor income net (+ Euro 4.9 billion), current transfers (– Euro 3.9 billion), and supplementary trade items (– Euro 0.8 billion).

In November 2008, the German current account had showed a surplus of Euro 9.4 billion.

Trade flows with the rest of the EU

In November 2009, Germany dispatched commodities to the value of Euro 44.3 billion to the Member States of the European Union (EU), while it received commodities to the value of Euro 36.3 billion from those countries.
Compared with November 2008, dispatches to and arrivals from the EU countries decreased by 6.7% and 10.7%, respectively.

Trade flows with the rest of the Eurozone

Commodities to the value of Euro 30.4 billion (–4.4%) were dispatched to the Eurozone countries in November 2009, while the value of the commodities received from those countries was Euro 25.6 billion (–7.9%).

Trade flows with 11 non-Eurozone EU member states:

In November 2009, commodities to the value of Euro 13.9 billion (–11.2%) were exported to EU countries not belonging to the Eurozone, while the value of the commodities imported from those countries was Euro 10.7 billion (–16.8%).


Trade flows with the rest of the world (outside the EU):

Exports of commodities to countries outside the European Union (third countries) amounted to Euro 29.5 billion in November 2009, while imports from those countries amounted to Euro 20.1 billion. Compared with November 2008, exports to third countries increased by 2.9% and imports from those countries decreased by 21.3%.

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